Skandinaviska Enskilda Banken AB publ Sells 27,958 Shares of Albertsons Companies, Inc. $ACI

Skandinaviska Enskilda Banken AB publ decreased its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 11.9% during the second quarter, Holdings Channel reports. The institutional investor owned 206,677 shares of the company’s stock after selling 27,958 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Albertsons Companies were worth $4,446,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Peddock Capital Advisors LLC raised its holdings in Albertsons Companies by 1.9% during the second quarter. Peddock Capital Advisors LLC now owns 26,567 shares of the company’s stock valued at $571,000 after acquiring an additional 504 shares during the period. Mason Investment Advisory Services Inc. boosted its stake in shares of Albertsons Companies by 0.7% in the second quarter. Mason Investment Advisory Services Inc. now owns 78,586 shares of the company’s stock worth $1,690,000 after acquiring an additional 524 shares during the period. ProShare Advisors LLC grew its position in shares of Albertsons Companies by 3.4% during the second quarter. ProShare Advisors LLC now owns 17,870 shares of the company’s stock worth $384,000 after purchasing an additional 592 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in Albertsons Companies by 0.8% during the 2nd quarter. Verdence Capital Advisors LLC now owns 83,260 shares of the company’s stock valued at $1,791,000 after purchasing an additional 623 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in Albertsons Companies by 20.9% in the 2nd quarter. Fifth Third Bancorp now owns 3,624 shares of the company’s stock worth $78,000 after purchasing an additional 627 shares in the last quarter. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Down 1.1%

Shares of ACI opened at $18.14 on Tuesday. The firm has a fifty day moving average price of $17.99 and a 200-day moving average price of $19.60. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $9.96 billion, a P/E ratio of 10.73, a P/E/G ratio of 2.99 and a beta of 0.49. Albertsons Companies, Inc. has a 12-month low of $16.70 and a 12-month high of $23.20.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Tuesday, October 14th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $18.92 billion during the quarter, compared to analysts’ expectations of $18.89 billion. Albertsons Companies had a net margin of 1.20% and a return on equity of 36.39%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. Equities research analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 24th were issued a $0.15 dividend. The ex-dividend date was Friday, October 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.3%. Albertsons Companies’s payout ratio is presently 35.50%.

Insider Activity at Albertsons Companies

In other Albertsons Companies news, EVP Michael T. Theilmann sold 100,000 shares of the company’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $19.35, for a total value of $1,935,000.00. Following the completion of the sale, the executive vice president directly owned 338,429 shares in the company, valued at approximately $6,548,601.15. This represents a 22.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anuj Dhanda sold 230,000 shares of the firm’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $19.25, for a total value of $4,427,500.00. Following the transaction, the insider owned 300,577 shares in the company, valued at approximately $5,786,107.25. This represents a 43.35% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.35% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ACI. Evercore ISI cut their price objective on shares of Albertsons Companies from $22.00 to $21.00 and set an “in-line” rating for the company in a report on Tuesday, November 11th. JPMorgan Chase & Co. dropped their target price on shares of Albertsons Companies from $27.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $24.00 target price on shares of Albertsons Companies in a research note on Wednesday, October 15th. UBS Group decreased their price target on shares of Albertsons Companies from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Albertsons Companies in a report on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Albertsons Companies presently has a consensus rating of “Moderate Buy” and an average price target of $23.43.

About Albertsons Companies

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.